WorleyParsons rebrands as Worley, completes acquisition of Jacobs ECR

WorleyParsons rebrands as Worley, completes acquisition of Jacobs ECR
Published: 29 April 2019 - 6 a.m.
By: Martin Menachery

WorleyParsons has announced it is adopting a new brand, Worley, following the successful completion of the $3.17bn acquisition of Jacobs Energy, Chemicals and Resources division (Jacobs ECR).

The new merged business is a pre-eminent global provider of professional project and asset services in energy, chemicals and resources, employing 57,600 people across 51 countries worldwide.

Krish Iyer, president – energy and chemicals services, Middle East and Africa, Worley, said: “We can now provide a full service offering to upstream, midstream and downstream customers across the region while our localisation commitments will continue across the Middle East.”

“By expanding our geographic footprint and diversifying our offering, we gain leading market positions across the hydrocarbons and chemicals sectors, while strengthening our position within mining, minerals and metals.”

Commenting on the news, Worley CEO Andrew Wood said: “This acquisition is about more than capacity and capability. It is about opportunity. The opportunity to become the partner of choice for our customers, the employer of choice for our people, and to deliver enhanced returns for our shareholders.”

“Our new brand reflects our place at the forefront of the energy, chemicals and resources markets, and our ability to support our customers through the global energy transition.We plan to embrace the heritage of both WorleyParsons and Jacobs ECR while looking firmly ahead to, what promises to be, an exciting future as one entity.”

The acquisition also marks an expansion in other strategic markets, including Europe, North America, Canada, and India. The company will have greater global reach, with leading market positions in the energy, chemical and resources sectors.

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